Shares of Netflix, Inc. (NASDAQ:NFLX) have received a consensus recommendation of “Buy” from the fifty-three ratings firms that are covering the company, Marketbeat reports. Four research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, thirty-three have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $248.74.
Several research firms have commented on NFLX. Piper Jaffray Companies upped their price objective on Netflix to $360.00 and gave the company an “overweight” rating in a research note on Friday. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $340.00 price objective (up from $302.00) on shares of Netflix in a research note on Friday. UBS Group increased their target price on Netflix from $290.00 to $345.00 and gave the stock a “buy” rating in a research note on Monday, March 5th. Barclays set a $285.00 target price on Netflix and gave the stock a “buy” rating in a research note on Tuesday, January 23rd. Finally, Wells Fargo & Co set a $285.00 target price on Netflix and gave the stock a “buy” rating in a research note on Tuesday, January 23rd.
In other news, insider Theodore A. Sarandos sold 163,747 shares of the firm’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $262.91, for a total transaction of $43,050,723.77. Following the sale, the insider now owns 23,953 shares in the company, valued at $6,297,483.23. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director A George Battle sold 10,716 shares of the firm’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $258.49, for a total value of $2,769,978.84. Following the sale, the director now owns 2,575 shares in the company, valued at approximately $665,611.75. The disclosure for this sale can be found here. Insiders have sold 473,489 shares of company stock worth $116,251,464 in the last 90 days. Insiders own 4.90% of the company’s stock.
Netflix (NASDAQ:NFLX) traded down $10.14 on Wednesday, reaching $321.30. The company’s stock had a trading volume of 20,276,470 shares, compared to its average volume of 11,440,000. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 1.81. The stock has a market cap of $139,430.00, a P/E ratio of 224.69, a PEG ratio of 4.55 and a beta of 0.95. Netflix has a 12-month low of $138.66 and a 12-month high of $333.98.
Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Monday, January 22nd. The Internet television network reported $0.41 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.41. The firm had revenue of $3.29 billion during the quarter, compared to the consensus estimate of $3.28 billion. Netflix had a return on equity of 17.20% and a net margin of 4.78%. The firm’s revenue was up 32.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.15 EPS. analysts predict that Netflix will post 2.73 earnings per share for the current fiscal year.
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Netflix, Inc is a provider an Internet television network. The Company operates through three segments: Domestic streaming, International streaming and Domestic DVD. The Domestic streaming segment includes services that streams content to its members in the United States. The International streaming segment includes services that streams content to its members outside the United States.
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